Annet Kaweesi`s Group
She buys charcoal from trucks that travel to her area and works for 6 days in a week. Her busiest times are mid-days and evenings. She rents the place where she operates her business and has been in business for 4 years. There is a ready market for her business.
Her main challenge is that she works in an open space and sometimes during the rainy season the area floods and the fast-running water takes away her stock. In the hot season she has to bear the brunt of the sun.
Her benefits include being able to send her children to school and contributing to household expenditures. She has over the years acquired a refrigerator, a calf and goat.
She plans to acquire a plot of land to build a house.
About MCDT SACCOThis loan is administered by MCDT SACCO, a savings and credit institution operating in Kampala, Uganda. The mission of MCDT SACCO is to provide sustainable financial services to the lower strata of Uganda's poor, especially women, for their economic and social development. MCDT's cooperative structure also affords its clients the opportunity to own shares of the organization and benefit from its financial performance. For more on MCDT SACCO, please see our partner page at http://www.kiva.org/partners/112, and join our lending team, Friends of MCDT SACCO, at http://www.kiva.org/team/friends_of_mcdt_sacco.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid